NATIONAL COMPANY LAW TRIBUNAL AND NATIONAL COMPANY LAW APPELLATE TRIBUNAL - Proposed Amendments in the Companies Act, 2013

25.1 The Committee noted that after the Honourable Supreme Court’s Order of May, 2015, the Government had initiated the process of constituting the ‘National Company Law Tribunal’ and the ‘National Company Law Appellate Tribunal’. The Committee felt that changes in the Companies Act, 2013, in Sections 409(3)(a) & (e), 411(3) and 412(2), as directed by the Honourable Supreme Court, should be included in the Act.